Cardano Prepares Major Upgrades That Could Reshape Its Future

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Cryptodnes2024/11/14 12:22

By:Cryptodnes

Excitement is building within the Cardano community as the highly anticipated Chang 2 hard fork arrives with two significant upgrades.

Intersect, a Cardano ecosystem organization, recently revealed this week’s updates: a preproduction hard fork governance measure and a new governance update for the Daedalus wallet.

The preproduction hard fork is a critical step, introducing protocol version 10.0 and bringing a more complete governance model to the PreProd environment. According to Intersect, feedback from the first Chang upgrade highlighted the need for extended preproduction testing before proceeding with the mainnet hard fork.

The recent governance action seeks to address this by incorporating the updated PlutusV3 cost model, allowing new Plutus functions to be activated post-hardfork. For the change to go live on-chain, support from Stake Pool Operators (SPOs) and Intersect members (ICC) is essential.

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The Daedalus wallet update is the second major development. With version 7.0.0, users can delegate their voting authority to designated representatives (DReps) or use an automatic voting feature, broadening community involvement in Cardano’s governance.

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The Block•2025/02/02 17:11